INDI
indie Semiconductor, Inc.

indie Semiconductor, Inc.INDI

Technology · Semiconductors
3.20USD
-0.31%
Sep 23, 2026
INDI overview ready
Fabless Supplier Driving Multimodal Edge Sensing and Sensor Fusion in ADAS
Automotive-focused fabless supplier of mixed-signal SoCs, sensing processors, photonics, and perception software used in ADAS, vehicle sensing, connected-car interfaces, and selected electrification applications.
Narrative is still early
Exposed to the Vehicle Safety, Automation and Software-Defined Mobility narrative through ADAS Sensing and Perception Semiconductors — component supplier.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Failure to achieve free cash flow breakeven in expected timeframe.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 21

Conviction Level

NarrativeHeat5.3ThemeHeat6.8PriceAction3.4Valuation5.2CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$711.7M
Avg Volume (60D)
6.4M
60 sessions
Revenue Growth YoY
+0.3%
FY2025 vs FY2024
Gross Margin
-27.1%
Operating Margin
-63.3%
Trailing twelve months
Free Cash Flow Yield
-12.5%
Distance from 200DMA
-15.5%
Next Earnings
2026-11-05
P/E
N/M
EV / Sales
4.1x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
indie Semiconductor, Inc. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Company Research

Thesis
Automotive-focused fabless supplier of mixed-signal SoCs, sensing processors, photonics, and perception software used in ADAS, vehicle sensing, connected-car interfaces, and selected electrification applications.
Opportunity
Moderate opportunity
Rising safety requirements, ADAS feature penetration, and increasingly software-defined vehicle architectures drive demand for automotive-grade radar, vision, lidar, ultrasonic, sensor-fusion, and edge-perception silicon and software.
Key risk
Failure to achieve free cash flow breakeven in expected timeframe.

Narrative & Theme

Vehicle Safety, Automation and Software-Defined Mobility
Part of ADAS Sensing and Perception Semiconductors, with strong fit.
INDI has direct product exposure to the sensor and perception electronics required as vehicles add crash-avoidance, parking, driver-monitoring, and automated-driving functions.
Narrative HeatNeutral5.3 / 10
Theme HeatNeutral6.8 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Semiconductors
What they do

Indie Semiconductor designs, develops, manufactures, and markets integrated circuits and software solutions focused on automotive applications including advanced driver assistance, autonomous driving, connected cars, user experience, and electrification.

How it earns

The company generates revenue primarily through the sale of semiconductor products and related system solutions to automotive manufacturers and suppliers.

Products & services
Mixed-signal system-on-chips (SoCs) for advanced driver assistance systems
Ultrasonic sensors for parking assist
Radar sensors for audio assistance and reverse information
Front cameras for vehicle detection and collision avoidance
Customers & end markets
Automotive manufacturers
Automotive Tier-1 suppliers
Market position

Challenger in the automotive semiconductor market focusing on advanced driver assistance and electrification solutions.

Demand drivers
Medium cyclicality

Automotive semiconductor demand is influenced by vehicle production cycles and technology adoption rates.